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File photo of under-construction Supertech building at sector 77, in Noida.(HT File Photo)

Buyer-builder conflict: UP RERA brings 11 cases to mutual agreement

By Press Trust of India | Noida
PUBLISHED ON AUG 30, 2019 11:45 AM IST
In total, seven cases of Supertech, one each from APV Realty, Gaursons Promoters, Strategic Developers and Mahagun were amicably resolved, RERA said in a statement.
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The Competition Commission of India (CCI) has imposed a penalty of nearly Rs 14 crore on Jaiprakash Associates.(Bloomberg Photo)
The Competition Commission of India (CCI) has imposed a penalty of nearly Rs 14 crore on Jaiprakash Associates.(Bloomberg Photo)

Competition commission slaps Rs 14 crore fine on Jaiprakash Associates

By Press Trust of India | Hindustan Times, New Delhi
UPDATED ON AUG 13, 2019 03:53 AM IST
“The Opposite Party (Jaiprakash Associates) perpetrated undesirable industry practices causing substantial harm to the competition and to consumers, ignoring its responsibility as a dominant player to set fair standards of industrial practices for other players in the market to emulate,” CCI said.
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SC said it will ask NCLT to expeditiously decide the company’s plea on revival or restructuring of Jaypee Infratech Ltd.(Sunil Ghosh/HT File Photo)
SC said it will ask NCLT to expeditiously decide the company’s plea on revival or restructuring of Jaypee Infratech Ltd.(Sunil Ghosh/HT File Photo)

Deposit Rs 600 crore to refund home buyers, SC tells Jaiprakash Associates

By IANS | IANS, New Delhi
PUBLISHED ON JUL 04, 2018 10:12 PM IST
The Supreme Court bench asked Jaiprakash Associates to “establish its bonafide by paying the money” and directed it to inform SC about the company’s stand on depositing Rs 600 crore with it.
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Tower cranes operate in a residential building construction site at a Jaypee Infratech Ltd project in Noida, Uttar Pradesh.(Prashanth Vishwanathan/Bloomberg)
Tower cranes operate in a residential building construction site at a Jaypee Infratech Ltd project in Noida, Uttar Pradesh.(Prashanth Vishwanathan/Bloomberg)

NCLAT admits banks’ petition over Jaypee Infratech land

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON MAY 24, 2018 01:57 PM IST
The NCLAT was hearing the appeal over the order of the Allahabad bench of the NCLT, which had asked debt-ridden Jaiprakash Associates Ltd to return nearly 760 acres of land to its subsidiary Jaypee Infratech.
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Workers walk in front of an UltraTech concrete mixture truck at the construction site of a commercial complex in Ahmedabad.(Reuters File Photo)
Workers walk in front of an UltraTech concrete mixture truck at the construction site of a commercial complex in Ahmedabad.(Reuters File Photo)

UltraTech to acquire Century Textiles’ cement unit

By Press Trust of India | Press Trust of India
UPDATED ON MAY 21, 2018 11:37 AM IST
In June last year, UltraTech Cement completed the Rs 16,189 crore acquisition of Jaiprakash Associates’ six integrated cement plants and five grinding units, having a capacity of 21.2 million tonnes.
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In 2007, Jaypee group started the development of 32,000 flats and plots in its township Wish Town at Noida, of which nearly 8,000 units have been delivered so far.(Virendra Singh Gosain/HT PHOTO)
In 2007, Jaypee group started the development of 32,000 flats and plots in its township Wish Town at Noida, of which nearly 8,000 units have been delivered so far.(Virendra Singh Gosain/HT PHOTO)

Jaiprakash Associates deposits Rs 100 crore in home buyers’ case

By HT Correspondent | Press Trust of India, New Delhi
UPDATED ON APR 12, 2018 05:31 PM IST
Jaiprakash Associates had informed the court that only 8% of 31,000 home buyers have opted for refund and rest want the possession of flats.
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